Latest RMB bond news

  • Portugal set for Panda debut

    Portugal mandated Bank of China and HSBC on Tuesday to place its first renminbi bonds on the China interbank bond market

    • 21 May 2019
  • Philippines returns to Panda bonds, shrugs off trade war with bigger, tighter issue

    The Republic of the Philippines made a triumphant return to the Panda bond market this week, raising Rmb2.5bn ($363m) from a deal that was tighter and larger than its debut last year. Rebecca Feng reports.

    • 16 May 2019
  • Updated: PBoC again opts for curious timing with third bills issuance

    The People’s Bank of China (PBoC) sold a three month Rmb10bn ($1.48bn) tranche and a one year Rmb10bn tranche in Hong Kong on May 15, Hong Kong Monetary Authority (HKMA) said on Wednesday. The central bank has again chosen an interesting time for the announcement and the tender.

    • 08 May 2019
  • SMIC returns with short-term red Pandas

    Semiconductor Manufacturing International Corporation (SMIC), a Shanghai-based chipmaker, returned to the Panda market on Monday with two 180-day notes, raising Rmb1.5bn ($223m) in total.

    • 30 Apr 2019
  • Leads step in as Merc ABS speeds past regs probe

    Mercedes-Benz Auto Finance pulled off its biggest auto loan ABS deal to date on Tuesday at its tightest price since 2017, despite a last minute regulatory probe into the originator. But the apparent success owed plenty to the lead underwriters’ co-ordinated efforts to keep the issuer happy and the primacy of credit ratings to international buyers, writes Rebecca Feng.

    • 25 Apr 2019
  • CCB brings Rmb10bn internationally rated RMBS

    China Construction Bank sold a Rmb10.25bn ($1.53bn) four-tranche RMBS on Tuesday with an international rating.

    • 25 Apr 2019
  • BMW innovates with auto lease ABN

    BMW Group has debuted its first asset backed note (ABN) in China, bagging Rmb2.5bn ($387m) with a three tranche fixed rate deal through its majority-owned subsidiary, Herald International Financial Leasing.

    • 23 Apr 2019
  • ICBC paves BRI with green bonds in three currencies

    Industrial and Commercial Bank of China raked in the equivalent of more than $2.2bn on Tuesday across four tranches of notes in three different currencies.

    • 17 Apr 2019
  • Mercedes-Benz sizes up first 2019 China auto ABS

    Mercedes-Benz Auto Finance is on track to price its largest ABS trade under the Silver Arrow China series. The originator, having previously turned to Moody’s and Fitch for international ratings, switched to S&P and gained an AAA rating for its deal.

    • 17 Apr 2019
  • CCB returns with triple-A rated Jianyuan 2019-2

    China Construction Bank is looking to close its Rmb10.25bn ($1.53bn) Jianyuan 2019-2 residential mortgage backed securities transaction next week. The deal has an AAA international rating from S&P.

    • 17 Apr 2019

RMB bond news archive

GlobalRMB Panda Bonds league table

Rank Arranger Share % by Volume
1 Bank of China (BOC) 22.38
2 China Merchants Securities Co 18.86
3 Industrial and Commercial Bank of China (ICBC) 15.71
4 Agricultural Bank of China (ABC) 11.43
5 China Securities 9.52

Panda Bond Database

Pricing Date Issuer Country Size Rmb (m)
1 15-May-19 Republic of the Philippines Philippines 2,500
2 29-Apr-19 Semiconductor Manufacturing International Corp (SMIC) China 1,000
3 29-Apr-19 Semiconductor Manufacturing International Corp (SMIC) China 500
4 18-Apr-19 Mengniu Dairy China 1,000
5 13-Mar-19 GLP Hong Kong 3,300

Offshore RMB Bond Top Bookrunners

Rank Bookrunner Share % by Volume
1 Standard Chartered Bank 22.89
2 Credit Agricole 8.87
2 HSBC 8.87
4 DBS 6.72
5 China CITIC Bank Corp 5.85

Latest Offshore RMB Bonds

Pricing Date Issuer Country Size Rmb (m)
1 16-Apr-19 ICBC Singapore Branch China 1,000
2 10-Apr-19 Bank of China Macau Branch (BOC Macau) China 4,500
3 15-Mar-19 Bank of Communications Hong Kong Branch (BOCOM HK) China 2,500
4 13-Mar-19 Daimler International Finance Germany 1,000
5 05-Mar-19 Fantasia Holdings Group Co China 1,000